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Researchers can observe people or events with human observers or with machines.
Cost Drivers
Activities or factors that cause a change in the cost of a good or service, crucial for budgeting, planning, and cost management.
Normal Costing
An accounting method that assigns costs to products based on direct materials, direct labor, and an allocated portion of manufacturing overhead based on normal activity levels.
Work in Process
Inventory items that are in the production process but are not yet complete.
Predetermined Overhead
An estimated rate used to allocate manufacturing overhead costs to products based on planned activity levels.
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